Micron Technology, Inc. (NASDAQ:MU) Given Consensus Recommendation of “Buy” by Analysts

Shares of Micron Technology, Inc. (NASDAQ:MU) have been given an average rating of “Buy” by the thirty-five research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and five have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $215.6429.

Several brokerages have recently issued reports on MU. UBS Group boosted their price objective on shares of Micron Technology from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday. Barclays boosted their price target on Micron Technology from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. The Goldman Sachs Group upped their price target on Micron Technology from $145.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Wells Fargo & Company lifted their price objective on Micron Technology from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Wedbush boosted their target price on Micron Technology from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th.

Micron Technology Trading Up 3.0%

Shares of MU stock opened at $207.37 on Friday. The firm’s 50-day simple moving average is $201.36 and its 200-day simple moving average is $144.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.52 and a quick ratio of 1.79. Micron Technology has a 1-year low of $61.54 and a 1-year high of $260.58. The firm has a market cap of $233.11 billion, a P/E ratio of 27.32, a PEG ratio of 0.51 and a beta of 1.62.

Micron Technology (NASDAQ:MU) last released its earnings results on Tuesday, September 23rd. The semiconductor manufacturer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.17. Micron Technology had a net margin of 22.84% and a return on equity of 17.21%. The firm had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $11.05 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. Micron Technology’s revenue was up 46.1% compared to the same quarter last year. Micron Technology has set its Q1 2026 guidance at 3.600-3.900 EPS. As a group, equities analysts forecast that Micron Technology will post 6.08 EPS for the current year.

Micron Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, October 3rd. Micron Technology’s payout ratio is currently 6.06%.

Insider Buying and Selling at Micron Technology

In related news, EVP Scott J. Deboer sold 82,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $222.81, for a total value of $18,270,420.00. Following the completion of the sale, the executive vice president directly owned 154,145 shares in the company, valued at approximately $34,345,047.45. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mehrotra sold 3,743 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $233.39, for a total value of $873,578.77. Following the completion of the transaction, the chief executive officer directly owned 396,578 shares in the company, valued at $92,557,339.42. This trade represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 409,756 shares of company stock worth $85,308,033 over the last three months. 0.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Micron Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new position in shares of Micron Technology in the third quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Micron Technology during the 3rd quarter worth approximately $27,000. Cullen Frost Bankers Inc. increased its holdings in Micron Technology by 79.3% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 199 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. First Command Advisory Services Inc. raised its position in shares of Micron Technology by 225.0% in the 2nd quarter. First Command Advisory Services Inc. now owns 221 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its stake in shares of Micron Technology by 205.5% during the 3rd quarter. Osterweis Capital Management Inc. now owns 223 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 150 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

Micron Technology Company Profile

Micron Technology, Inc designs, develops, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit. It provides memory and storage technologies comprising dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; non-volatile and re-writeable semiconductor storage devices; and non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.